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Assume that the stock of capital ( K ) increases by 6%. Holding all other factors constant, we know with certainty that which of the following will
Assume that the stock of capital ( K) increases by 6%. Holding all other factors constant, we know with certainty that which of the following will occur?
Select one:
a. the capital-labour ratio will decrease
b. output per capita will increase by 6%
c. output will increase by 6%
d. output will increase by less than 6%
e. None of the above.